Tell me your horror stories (Diesel)
Ok, so browsing through the thread about the 2011 Ford diesel left me in shock. Seems like there were many issues with the early builds of that engine. I know the Cummins and Duramax of that generat...
Forum Discussion
ppine wrote:
No one buys a new truck as an investment. Owning one is clearly an expense. It is consumptive spending, not investment spending. Duh.
I get tired of hearing people talk about the high cost of diesel purchase, repairs and fuel costs. It is a load of ****. It cost me $5k extra to buy a diesel. Now my truck has 170k miles on it. It is going up in value because mechanics think it is "still fresh." The same gas truck would be worth very little. It has saved me lots of fuel costs over the years. It has cost very little except maintenance. The first brake job was at 125 k miles. I rebuilt the front end. That is remarkable. The trans is still fine.
My truck cost $35k and it is worth about $17k in this market after 16 years and 170 k miles. It is the best vehicle I have ever owned.
I was talking with my mechanic the other day. His advice was "don't ever sell it."
If it only costs you about $1000 per year for depreciation buying a new truck why would you not want to stick with that program and buy a new one?
On the other hand If you think about the investment potential of your money you might say "I'm going to keep my old truck ... it might not be overly capable but it does what I need it to and I can keep the $50k difference they want for a new one in some sort of investment where it makes me money."
